Macy's CEO Sells $34.2 Million in Stock

Terry J. Lundgren sold nearly 600,000 shares of the retailer.

Eleven people at the retail giant sold a total of 1,111,681 shares for $63,680,052, an average of $57.28 each, from Feb. 27 through March 4. The sales came after Macy's (ticker: M) reported a strong fourth quarter and shares touched an all-time high.